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Bajaj Auto posts 46 per cent jump in Q1 profit on exports and premium bikes
Revenue rises to Rs 20,870 crore as exports hit record and margins improve
MUMBAI: Bajaj Auto didn’t just shift gears this quarter, it accelerated past expectations. The two- and three-wheeler maker delivered a strong start to FY27, reporting a 46 per cent year-on-year jump in consolidated net profit, fuelled by record export volumes, resilient domestic demand and sustained growth across its premium motorcycle portfolio.
The company posted a consolidated net profit of Rs 3,225.63 crore for the April-June quarter, while revenue from operations surged to Rs 20,870.23 crore, compared with Rs 12,646.59 crore in the corresponding quarter last year. The automotive business accounted for Rs 20,799.55 crore of the company’s quarterly revenue.
Bajaj Auto also expanded its profitability, reporting an operating margin of 20.9 per cent, up 110 basis points year-on-year and 10 basis points sequentially, supported by a richer product mix and improved operating efficiencies.
The domestic business maintained its momentum, with revenue growing 26 per cent year-on-year, driven by double-digit growth across key segments. Exports, however, emerged as the standout performer, with the company recording its highest-ever quarterly export revenue and volumes. Shipments crossed the 700,000-unit milestone for the first time in the company’s history.
In the motorcycle business, the sports segment continued to outperform the broader market, with retail sales growing at nearly 1.5 times the industry’s pace.
Bajaj Auto said its flagship Pulsar, Avenger and Dominar brands all registered double-digit year-on-year growth, while the sports motorcycle portfolio expanded by around 50 per cent, helped by product upgrades across the Pulsar range that strengthened market share. The company expects upcoming launches in the 125cc-160cc segment to further bolster its position.
The premium motorcycle portfolio also maintained strong momentum. Domestic revenue from KTM and Triumph motorcycles rose 60 per cent year-on-year, reflecting rising demand for premium two-wheelers in India.
Meanwhile, the company’s electric scooter brand Chetak continued to witness demand exceeding production capacity. Bajaj Auto said it is investing in expanding manufacturing capacity to improve availability, support international expansion and drive the next phase of growth in its electric vehicle business.
The company also continued to generate strong cash flows, reporting more than Rs 2,300 crore in free cash flow during the quarter equivalent to around 80 per cent of its reported net profit.
The performance underscores Bajaj Auto’s balanced growth strategy, with premium motorcycles, exports and electric mobility providing multiple engines of expansion. As global demand strengthens and capacity additions come online, the company appears well placed to keep its growth story running in top gear.
